ScottsMiracle-Gro Provides Outlook for Fiscal 2013

              ScottsMiracle-Gro Provides Outlook for Fiscal 2013

Invites You to Listen to Its 2012 Analyst & Investor Day Webcast

PR Newswire

MARYSVILLE, Ohio, Dec. 14, 2012

MARYSVILLE, Ohio, Dec. 14, 2012 /PRNewswire-FirstCall/ --The Scotts
Miracle-Gro Company (NYSE: SMG), the world's largest marketer of branded
consumer lawn and garden products, today announced its outlook for fiscal 2013
in advance of its December 14 Analyst Day.

The Company said it expects company-wide net sales to increase by
approximately 1 to 3 percent in fiscal 2013 on flat unit volume and improved

An anticipated improvement in gross margin rate, along with leverage from
SG&A, is expected to result in adjusted earnings per share from continuing
operations in the range of $2.50 to $2.75 for fiscal 2013.

With more than two thirds of its commodity costs now locked for the year –
including about 90 percent of urea – the Company said it expects approximately
$20 million in commodity inflation in fiscal 2013, primarily due to
higher-cost inventory carried into the fiscal year. Offsetting this headwind,
the Company said it will increase prices in the low single digits and that it
expects a benefit of approximately $15 to $20 million in savings related to
its product cost-out initiatives.

Operating margin rate is expected to be in the range of 11 to 11.5 percent in
fiscal 2013. Interest expense is forecasted to be flat to modestly higher
compared to fiscal 2012. The effective tax rate for the year is projected to
be in a range of 36 to 37 percent.

The Company's operating cash flow goal is expected to be at least $250 million
in fiscal 2013.

"We enter 2013 with confidence in our initiatives to drive gross margin
improvement, reduce SG&A, improve cash flow and strengthen the overall
enterprise," said Jim Hagedorn, chairman and chief executive officer. "In an
environment in which the consumer remains stressed, I am confident that this
focus will allow us to continue to drive a higher level of earnings that
enhances shareholder value."

CompanyHeld Its Analyst Day Meeting Today, Dec. 14

The Companyheld its Analyst & Investor Day today at 9:00 a.m. Eastern Time,
with a live webcast with presentation slides available on the investor
relations section of the Company's website at The
replay of the webcast and accompanying presentation slides will be available
on the Company's website following the meeting.

The meeting will also be accessible with a live conference call. To
participate in the conference call, use one of the following options:

US/Canada Toll Free: (866) 682-3515
Int'l Toll:          (706) 679-2138
UK Toll Free:        08000288438
Conference ID:       77338805

A replay of the call can be heard by calling 1-855-859-2056. An archive of
the webcast, as well as accompanying financial information regarding any
non-GAAP financial measures discussed by the Company during the call, will be
available on the site for at least 12 months.

About ScottsMiracle-Gro

With more than $2.8 billion in worldwide sales, The Scotts Miracle-Gro
Company, through its wholly-owned subsidiary, The Scotts Company LLC, is the
world's largest marketer of branded consumer products for lawn and garden
care. The Company's brands are the most recognized in the industry. In the
U.S., the Company's Scotts®, Miracle-Gro® and Ortho® brands are market-leading
in their categories, as is the consumer Roundup® brand, which is marketed in
North America and most of Europe exclusively by Scotts and owned by Monsanto.
In the U.S., we operate Scotts LawnService®, the second largest residential
lawn care service business. In Europe, the Company's brands include Weedol®,
Pathclear®, Evergreen®, Levington®, Miracle-Gro®, KB®, Fertiligene® and
Substral®. For additional information, visit us at

Cautionary Note Regarding Forward-Looking Statements

Statements contained in this press release, other than statements of
historical fact, which address activities, events and developments that the
Company expects or anticipates will or may occur in the future, including, but
not limited to, information regarding the future economic performance and
financial condition of the Company, the plans and objectives of the Company's
management, and the Company's assumptions regarding such performance and plans
are "forward-looking statements" within the meaning of the U.S. federal
securities laws that are subject to risks and uncertainties. These
forward-looking statements generally can be identified as statements that
include phrases such as "guidance," "outlook," "projected," "believe,"
"target," "predict," "estimate," "forecast," "strategy," "may," "goal,"
"expect," "anticipate," "intend," "plan," "foresee," "likely," "will,"
"should" or other similar words or phrases. Actual results could differ
materially from the forward-looking information in this release due to a
variety of factors, including, but not limited to:

  oCompliance with environmental and other public health regulations could
    increase the Company's costs of doing business or limit the Company's
    ability to market all of its products;
  oIncreases in the prices of raw materials and fuel costs could adversely
    affect the Company's results of operations;
  oThe highly competitive nature of the Company's markets could adversely
    affect its ability to maintain or grow revenues;
  oBecause of the concentration of the Company's sales to a small number of
    retail customers, the loss of one or more of, or significant reduction in
    orders from, its top customers could adversely affect the Company's
    financial results;
  oAdverse weather conditions could adversely impact financial results;
  oThe Company's international operations make the Company susceptible to
    fluctuations in currency exchange rates and to other costs and risks
    associated with international regulation;
  oThe Company may not be able to adequately protect its intellectual
    property and other proprietary rights that are material to the Company's
  oThe Company depends on key personnel and may not be able to retain those
    employees or recruit additional qualified personnel;
  oIf Monsanto Company were to terminate the Marketing Agreement for consumer
    Roundup products, the Company would lose a substantial source of future
    earnings and overhead expense absorption;
  oHagedorn Partnership, L.P. beneficially owns approximately 30% of the
    Company's common shares and can significantly influence decisions that
    require the approval of shareholders;
  oThe Company may pursue acquisitions, dispositions, investments, dividends,
    share repurchases and/or other corporate transactions that it believes
    will maximize equity returns of its shareholders but may involve risks.

Additional detailed information concerning a number of the important factors
that could cause actual results to differ materially from the forward-looking
information contained in this release is readily available in the Company's
publicly filed quarterly, annual and other reports. The Company disclaims any
obligation to update developments of these risk factors or to announce
publicly any revision to any of the forward-looking statements contained in
this release, or to make corrections to reflect future events or developments.

SOURCE The Scotts Miracle-Gro Company

Contact: Jim King, Senior Vice President, Investor Relations & Corporate
Affairs, +1-937-578-5622
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